An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Knightscope, Inc. (Nasdaq: KSCP) has entered a pilot contract with the New York City Police Department (NYPD) to deploy its K5 robot in the Manhattan subway this summer. During a press conference, Mayor Eric Adams emphasized the city's commitment to leveraging technology for public safety. The K5 robot, already proven effective in other jurisdictions like Los Angeles, aims to enhance law enforcement efforts amid staffing challenges. The company is currently showcasing its innovations through a 'Robot Roadshow' in NYC from April 11-13, inviting the public and investors to learn more about its capabilities.
Positive
Pilot contract signed with NYPD to deploy K5 robot in Manhattan subway.
K5 robot has a proven track record in reducing crime in other locations.
Innovative approach to address staffing challenges in law enforcement.
Negative
None.
Mayor Adams and Commissioner Sewell Announce Plans to Leverage Robots for Policing
Robot Roadshow Serves as Backdrop for NYC Press Event in the Big Apple
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Knightscope, Inc. (Nasdaq: KSCP) (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that the City of New York Police Department (“NYPD”) signed a pilot contract for Knightscope’s K5 robot to begin patrolling in a Manhattan subway station this summer.
New York City Mayor Adams and NYPD Commissioner Sewell announce plans to leverage robots for policing. (Photo: Business Wire)
New York City Mayor Eric Adams, Keechant Sewell, police commissioner of the City of New York, and Jeffrey Maddrey, Chief of Department and NYPD’s highest-ranking uniformed service member, together spoke about the implementation of new technologies to protect the citizens of New York.
“Technology is here, and we cannot be afraid of it,” said Mayor Adams at a press conference in Times Square. “We are scanning the globe on finding technology that will ensure this city is safe for New Yorkers, visitors and whomever is here. If we were not willing to move forward and use technology on how to properly keep cities safe, then you will not keep up with those who are doing harmful things to hurt New Yorkers.”
Knightscope’s technologies have already been successfully deployed by other police departments, with one Los Angeles County, California, agency praising the Company for reducing crime in a popular public park. Knightscope offers public safety officials an effective way to augment their agencies, which in many cases are already strained by significant recruiting challenges. The robots are fun, engaging, photographic and respectful of everyone’s privacy, making them ideal candidates to support policing across the United States.
“As a native New Yorker (born in Queens!), this is a particularly proud and emotional day for me,” said William Santana Li, chairman and CEO, Knightscope. “From the day of that terrible attack on our city some two decades ago, I dedicated my life to better securing our country. To be trusted with the incredible responsibility of helping my hometown is truly a dream come true.”
ROBOT ROADSHOW LANDS IN TIMES SQUARE
Knightscope’s Robot Roadshow is touring the U.S. and will be in New York City from 11 April through 13 April to allow members of the public, investors, and community leaders in public safety to learn about the Company, the machines and to view these technologies in action and in person. Reservations are encouraged, but not required. Anyone looking to learn more, as well as those seeking innovative solutions for public safety or improved emergency communications, may book their slot by clicking here.
Want a long-term public safety technology solution for your city or property? Book a discovery call or meeting now at www.knightscope.com/discover to learn more about Knightscope’s Autonomous Security Robots and blue light emergency communication systems.
About Knightscope
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about the Company at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.
Forward-Looking Statements
This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2021. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
What is the significance of the K5 robot pilot program in NYC for KSCP?
The K5 robot pilot program marks a key partnership for Knightscope, enhancing its visibility and potential revenue through the NYPD.
When is the K5 robot set to start patrolling in New York City?
The K5 robot is scheduled to begin patrolling in the Manhattan subway this summer.
What are the key benefits of Knightscope's autonomous robots for public safety?
Knightscope's robots aim to support law enforcement by deterring crime, enhancing public safety, and addressing staffing shortages.
How has Knightscope's technology been received in other jurisdictions?
Knightscope's robots have received positive feedback, including a testimonial from a Los Angeles County agency praising their effectiveness in reducing crime.
